Knorex Ltd Prices Its $12 Million Initial Public Offering
SUNNYVALE, Calif. and Singapore, Sept. 29, 2025 — Knorex Ltd. (NYSE American:KNRX) (“Knorex” or the “Company”), a prominent provider of AI-driven digital advertising products and solutions, announced today the final pricing for its initial public offering. The offering comprises an aggregate of 3,000,000 Class A ordinary shares (referred to as the “Shares”), all being sold by Knorex at a public offering price of $4.00 per share (the “Offering”), which will generate total gross proceeds of $12.0 million, before accounting for underwriting discounts and other expenses related to the offering.
Additionally, the Company has granted the underwriters a 45-day option to acquire up to an extra 450,000 Class A ordinary shares at the initial public offering price, representing 15% of the Shares sold in the Offering, less underwriting discounts and commissions, to cover potential over-allotments. The completion of the Offering is anticipated on or about September 30, 2025, contingent upon the fulfillment of customary closing conditions.
The Company’s Class A ordinary shares are expected to commence trading on the NYSE American on September 29, 2025, under the ticker symbol “KNRX”.
This Offering is being conducted on a firm commitment basis. R. F. Lafferty & Co. Inc. is serving as the lead book-running manager, while Craft Capital Management LLC is acting as co-manager for the Offering. Morgan, Lewis & Bockius is providing legal counsel to the Company, and Hunter Taubman Fischer & Li LLC is acting as legal counsel to the underwriters in connection with this Offering.
The Offering is proceeding pursuant to the Company’s Registration Statement on Form F-1, as amended, (File No. 333-283112), which was previously submitted to and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on September 29, 2025. This Offering is exclusively being made by means of a prospectus. Before making an investment, you should thoroughly review the prospectus and other documents the Company has filed or will file with the SEC for more comprehensive information regarding the Company and the Offering. You can access these documents free of charge by visiting EDGAR on the SEC’s official Website at www.sec.gov. Alternatively, electronic copies of the prospectus related to the Offering can be obtained from R. F. Lafferty & Co. Inc., located at 40 Wall Street, Suite 3602, New York, NY 10005; (212) 293-9090.
This press release has been prepared purely for informational purposes and should not be considered an offer to sell or a solicitation of an offer to purchase any securities. Furthermore, no sale of these securities may occur in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that specific state or other jurisdiction.
About Knorex Ltd.
Established in 2009, Knorex Ltd. operates as a B2B technology firm that delivers AI-driven marketing automation and digital advertising solutions, aiding businesses in simplifying and optimizing their digital marketing execution. The Company’s flagship platform, Knorex XPOsm, is an AI-powered, cloud-based advertising technology platform that empowers marketers to efficiently plan, execute, and fine-tune cross-channel ad campaigns across a wide array of digital media, including social media, search, CTV/OTT, video, audio, display, native, and DOOH advertising.
By leveraging advanced AI/ML-driven automation, Knorex XPO enables advertisers to boost campaign performance, reduce inefficient ad spend, and expand their marketing efforts while maintaining efficiency and transparency. The platform is designed to tackle the increasing complexity in digital marketing by consolidating campaign execution and analytics into a unified, data-driven workflow.
Knorex serves global enterprises, agencies, and brands across numerous industries, assisting them in navigating the rapidly evolving digital advertising landscape with automated, intelligent, and data-driven solutions. The Company maintains operations in the United States, Vietnam, India, Malaysia, and Singapore.
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FORWARD-LOOKING STATEMENTS
Certain declarations within this press release are categorized as “forward-looking statements” under federal securities laws. These include, but are not limited to, the Company’s anticipations concerning the completion, timing, and size of the proposed Offering, and statements regarding the intended use of proceeds from the sale of the Company’s shares in the Offering. Such forward-looking statements involve both known and unknown risks and uncertainties, and they are predicated on the Company’s current expectations and projections about future events that the Company believes could influence its financial condition, operational results, business strategy, and financial needs, including the expectation that the Offering will be successfully concluded. Investors can identify many (though not all) of these statements through the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim,” and “anticipate,” or other similar expressions found in this press release. The Company assumes no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as mandated by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove correct. The Company advises investors that actual results may differ materially from the anticipated outcomes and encourages investors to review other factors that may affect its future results, as detailed in the Company’s registration statement and other filings with the SEC.
Contact:
Crescendo Communications, LLC
212-671-1020
KNRX@crescendo-ir.com